Korn Ferry Q1 revenue beats estimates on Search and Workforce Solutions growth

Korn Ferry

09/09/2026 11:56

Overview
US consulting firm's fiscal Q1 revenue rose 7%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Growth led by double-digit gains in Search and Workforce Solutions

Outlook
Company expects Q2 FY27 fee revenue between $860 mln and $878 mln
Korn Ferry sees Q2 FY27 adjusted EBITDA margin between 16.8% and 17.2%
Company expects Q2 FY27 adjusted diluted EPS between $1.30 and $1.40

Result Drivers
SEARCH AND WORKFORCE SOLUTIONS - Double-digit year-over-year fee revenue growth in Search (10%) and Workforce Solutions (11%) drove results
REGIONAL GROWTH - Fee revenue increased in all regions, with Americas up 9%, EMEA up 4%, and APAC up 1%
HIGHER COSTS - Net income and adjusted EBITDA gains were partially offset by increased compensation, benefits, and administrative expenses

Company press release: ID:nBw2KXyJFa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$764.60 mln
$739.43 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.43
$1.36 (5 Analysts)
Q1 EPS
 
$1.32
 
Q1 Basic EPS
 
$1.35
 
Q1 Fee Revenue
 
$756.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for Korn Ferry is $84.50, about 3% below its September 8 closing price of $82.04
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

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Sept 8 - Facilities management firm ABM Industries' Q3 adj EPS beats on lower costs
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)